Sponsored Content for Ken Nilsson

ASX-listed Troy Resources has tabled a maiden ore reserve for the Smarts underground project at its Karouni gold operation in central Guyana. The company sees the 89,400-ounce reserve supporting production for at least 2.5 years while it explores for potential extensions. Mineralisation is said to remain open below the calculated reserve of 1,082,000 tonnes grading 2.6 grams per tonne gold.

ASX-listed Troy Resources has attracted global gold major Barrick Gold Corp into its large Karouni gold project in Guyana. A new joint venture agreement will see Barrick target tier-one gold finds in the southern part of Troy's ground, including around the exciting Potaro prospect, while the Australian company continues to explore and develop in the north.

ASX-listed Troy Resources has edged closer to bringing its 288,000-ounce Smarts underground gold deposit into production at its 100 per cent-owned Karouni project in Guyana. The company has been granted approvals from the Guyana Geology & Mines Commission to enable it to advance work on Smarts as it finalises a series of technical reports on the proposed development.

Troy Resources appears to have steadied its gold production to “normal levels” at the Karouni gold mine in Guyana, South America. The news comes after setbacks last year revolving around the coronavirus pandemic, higher-than-average rainfall and a shortage of mechanical supplies. The Perth-based company managed to eke out 7,333 ounces of production in the recently completed March quarter compared with 4,195 ounces for the preceding quarter.

Troy Resources has teased out further high-grade gold hits from the latest diamond drill holes at its Smarts Underground gold deposit which sits snuggly between its active Smarts open pits at the Karouni gold project in Guyana, South America. The last batch of assays delivered some good widths including 20m at 3.68 g/t gold from 212m and 13m at 3.64 g/t gold from 177m downhole.

Troy Resources has eked out more encouraging exploration results at its Karouni gold mine in Guyana where it has managed to keep the drill rods turning despite a recent spate of COVID-19 infections on site. The company, forced to pull its 2020-21 Karouni gold production guidance of 35,000-40,000 ounces due to the COVID-19 outbreak and shortage of various supplies, is now looking to build the project's ore reserves position.

Western Australia-based gold miner Troy Resources, which has become a South American specialist, is now stepping up both production and exploration at its exciting frontier site Guyana. Having navigated various recent obstacles ASX-listed Troy Resources is now setting a course to rebuild mill production and its broad exploration program at its Karouni gold project in Guyana.

Troy Resources is serving up a feast of high-grade gold intercepts at Karouni in Guyana, with drilling over the developing Smarts underground deposit continuing to deliver strong results. The company's latest two drill holes, designed to test the extremities of the deposit, have returned assays of close to 13 g/t gold, with wider intercepts including 4m at 7.08 g/t gold from 172m and 3m at 6.58 g/t gold from 111m.

Troy Resources has hit the jackpot with a four-ounce-to-the-tonne gold hit in its latest diamond drill hole at the Smarts Underground deposit at its operating, million-ounce, Karouni gold project in Guyana, South America. In just one of 16 hits in the 449m deep drill hole, the company returned 11m at 131.93 g/t gold from 223m, including 1m at an ‘off-the-chart' 1,176.99 g/t gold.

South American focused gold miner, Troy Resources has the drill rods turning again at the Smarts underground deposit at its Karouni gold project where it previously drilled a bevy of long high-grade gold hits with grades running as high as half an ounce to the tonne. Three additional diamond holes remain to be drilled ahead of a planned resource upgrade.

ASX-listed Troy Resources has produced a volley of high-grade gold hits from its latest diamond drill program at Karouni in Guyana, South America returning six separate intercepts with grades running as high as an ounce to the tonne. The results extend a stellar run for the Perth-based explorer with 3 of the 5 holes assayed to date returning multiple gold intersections.

ASX-listed Troy Resources has returned multiple hits at its Karouni gold project in Guyana, South America, with its Smarts underground prospect throwing up drill numbers like 19m at 9.15 g/t gold from 173m down hole, including 5m going 24.24 g/t gold. Troy has also produced almost 13,000 ounces of gold from its open pit operations since mining re-commenced in January this year.

Troy Resources has weathered the challenges of Guyana's wet season, producing impressive drilling results while maintaining operations at its Karouni gold project in South America. The standout diamond drilling results from underneath the existing Smarts open pit include a 32-metre zone grading 4.29 grams per tonne gold from 168m down hole. At the Goldstar prospect, near surface RC results also include 17m grading 2.21g/t gold from just 3m.

Troy Resources has re-stocked its financial armoury with a placement raising $4 million and an $11 million loan facility supporting the restart of operations at its Karouni gold mine that went onto care and maintenance in October after a fatality on site. Since then, exploration has outlined a new style of mineralisation near the Hicks 1 pit with an impressive 17m hit grading 5 ounces to the tonne gold.

Troy Resources has hit the ball out of the park with an amazing 17m drill intersection going nearly 5 ounces to the tonne gold in South America. Importantly, the smashingly good intersection was encountered just 37m down hole at the company's Hicks 1 extension within the Karouni Gold project. As a final curtsy to the crowd, it also included a 4m section grading an eye-watering 623.17g/t gold.

Perth-based South American gold miner, Troy Resources' decision to closely focus on its exploration assets appears to be paying off with the recent discovery of a new style of mineralisation along strike from the Hicks 1 pit at its Karouni gold project in Guyana. The Hicks NW prospect has contributed around 19,000 additional reserve ounces and ongoing exploration continues to identify broad, shallow gold zones.

Troy Resources continues to strengthen its Karouni gold project in South America by bringing the Ohio Creek deposit into its global resource statement during the first half of 2019. Troy also exceeded its production target for September by 1,395 ounces gold and the company now has ore reserves of 75,100 ounces grading 1.9g/t gold and mineral resources of around 15.8 Mt at 1.9g/t gold for 986,300 gold ounces.

Troy Resources is now debt-free and will look to channel its energies into the flagship Karouni gold operation in Guyana, South America, which has considerable blue-sky exploration upside through its nearby high-grade Ohio Creek prospect. The company has now reduced its debt from USD$71.57m in March 2015 to zero and will look to maximise Karouni's potential through open-pit cutbacks on-site and ongoing exploration.

Troy Resources has discovered more near-surface gold at its Ohio and Hicks prospects in South America. Resource evaluation has commenced, with the company now optimistic that the new prospects could develop into future ore sources. Impressive gold hits such as 12m @ 14.99 g/t gold from 35m at Hicks and a growing mineralised footprint over 950m at Ohio are creating a sense of excitement around these new prospects.

Troy Resources' infill, extensional and exploratory drilling programs at the Ohio Creek prospect of its Karouni project in Guyana have returned high-grade hits of up to 5m @ 27.5g/t gold from 62m down-hole. The results to date indicate that a coherent mineralised ore system is present over a strike length of at least 500m, with widths of up to 20m and a vertical depth of 125m.

Troy Resources' infill RC drilling at the Ohio Creek prospect of its Karouni project in Guyana has returned high-grade hits of up to 3m @ 41.7g/t gold from 29m down-hole and indicated a coherent mineralised footprint across a strike length of about 100m and depth of at least 125m. Recent diamond drilling has also confirmed that gold mineralisation may extend to depths of at least 250m.

Massive UK investment fund, M & G Investments, who has a whopping £286b under management, has stumped up $6.3m to cornerstone Perth small cap, Troy Resources' latest capital raise. Troy will use the money to develop a resource at its exciting, high grade, near mine exploration play in South America known as Ohio Creek, that looks set to turbocharge the economics of its operating Karouni gold mine.